World Green Economy Summit to kick off in October in Dubai

DUBAI, May 21 2018 (WAM) - The annual World Green Economy Summit, WGES 2018, will be organised in Dubai to tackle global issues and important strategies, including the digital age and its impact on building a ‘green’ and sustainable future growth across industries. This was announced today by the organising committee of the fifth WGES 2018.

WGES is set to take place from 24th to 25th October under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai. The summit is organised by Dubai Electricity and Water Authority, DEWA, and the World Green Economy Organisation, WGEO, in collaboration with international partners under the theme ‘Driving Innovation, Leading Change’.

The event will focus on three main pillars, green capital, digital transformation, and leadership and social engagement. The event will gather financial executives, investment professionals, and thought leaders to discuss ways to increase green capital flows into regional and global environment-friendly projects and how to de-risk those investments.

The event will focus on three main pillars, green capital, digital transformation, and leadership and social engagement. The event will gather financial executives, investment professionals, and thought leaders to discuss ways to increase green capital flows into regional and global environment-friendly projects and how to de-risk those investments.

It will also focus on developing the digital economy and integrating it with the green economy. The summit will discuss the latest smart technologies and digital breakthroughs that promise to accelerate green growth and sustainable development.

On leadership and social engagement, the event will examine the ongoing shift to a green economy – a phenomenon that many fears may lead to human insecurity and inequalities, job losses, and social deficits. Participating leaders and supporters of green innovation initiatives are expected to exchange knowledge and best practices to address the economic and social impact of these programmes.

“The summit also forms a vital aspect of the UAE Centennial 2071 for the UAE to become the best country in the world in 2071; the UAE Vision 2021; the Dubai Plan 2021 and our continuous efforts to achieve the goals of Dubai Clean Energy Strategy 2050 that aims to provide 7 percent of Dubai’s energy from clean energy sources by 2020, 25 percent by 2030 and 75 percent by 2050, not to mention the UAE Strategy for the Fourth Industrial Revolution that aims to achieve a competitive national economy based on knowledge, innovation and futuristic applications by integrating physical, digital and vital technologies,” said Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy in Dubai, Managing Director and CEO of DEWA, and Chairman of WGES.

In turn, Abdul Rahim Sultan, Director of WGEO, said, “The summit will be crucial to promoting the widespread acceptance and increased importance of the green economy in the context of sustainable development. We are confident that the inputs from this year’s WGES will contribute to promote implementation of green economy policies at all levels, in a manner that endeavors to drive sustained, inclusive and equitable economic growth through providing us an interactive platform where we can share relevant best industry practices and latest innovations.”

The UAE is the first in the Arab world and the region as per the index of realising global green economy and it is at the forefront of the green transformation and renewable energy.